SHANGHAI – Rockets Capital, a fund centered on investments within the sensible power automobile (EV) provide chain, mentioned on Thursday it raised greater than $200 million from traders that included Xpeng, Sequoia China, IDG Capital and GGV Capital.
The spherical’s strategic anchor investor was electrical automobile producer Xpeng, Rockets Capital mentioned in a press release, including that eGarden and 5Y Capital had been amongst different traders.
Rockets Capital, which was established early this yr, mentioned it might function independently of Xpeng however would leverage the Chinese language carmaker’s business experience and sources.
The fund additionally mentioned it had already entered into agreements to put money into a number of main enterprises in its goal industries, with out disclosing additional particulars.
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